Daily Economic Outlook: 18th November, 2015

In the United States, housing starts and building permits will update the performance of housing market. Construction in the U.S. has accelerated as the housing sales have started growing this year.

"After a surge in September, concentrated in the volatile multi-unit sector, starts are expected to have fallen in October. However, a solid rise in permits should point to further construction increases in the pipeline", says Lloyds Bank. 

The release of the minutes for the October FOMC meeting is expected to draw markets' attention. Experts are eagerly waiting to know how many members are interested on rate hike in December.

Similarly, minutes of recent Bank of Japan policy meeting will be released tomorrow. As the GDP growth of the economy declined in Q3, which is second consecutive quarterly fall, the BoJ is expected to be under pressure to bring back the economy on track.